Paytm shock: Fintech cos wary as frequent regulatory actions hurt sentiment

Compliance to take centre-stage in fintech operations this year: Industry

A regulatory storm on Paytm Payments Bank has cautioned participants in the fintech ecosystem to make compliance a priority in terms of a company’s operations. 

Fintech industry players believe the Paytm Payments Bank episode will ensure strict adherence of compliance and regulatory measures in the growing sector. Executives Business Standard spoke to said companies should have clarity on regulatory requirements. 

“RBI has been a progressive regulator, but we now see frequent action in the fintech space. The sentiment takes a hit in the short term due to the frequency of such action. We see a lot of consolidation happening in the space